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REGISTERED NUMBER: 03615482 (England and Wales)






















Unaudited Financial Statements

for the Period

1 July 2022 to 31 December 2023

for

Trentside Developments Limited

Trentside Developments Limited (Registered number: 03615482)






Contents of the Financial Statements
for the Period 1 July 2022 to 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Trentside Developments Limited

Company Information
for the Period 1 July 2022 to 31 December 2023







DIRECTORS: J B Reid
S W Schofield





SECRETARY: S W Schofield





REGISTERED OFFICE: 15 Newland
Lincoln
Lincolnshire
LN1 1XG





REGISTERED NUMBER: 03615482 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Trentside Developments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trentside Developments Limited for the period ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Trentside Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trentside Developments Limited and state those matters that we have agreed to state to the Board of Directors of Trentside Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trentside Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Trentside Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Trentside Developments Limited. You consider that Trentside Developments Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Trentside Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


20 February 2024

Trentside Developments Limited (Registered number: 03615482)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,752 11,286
Investments 5 2 2
Investment property 6 1,103,722 1,092,731
1,105,476 1,104,019

CURRENT ASSETS
Stocks 149,159 149,159
Debtors 7 6,986 6,891
Cash at bank 23,670 8,021
179,815 164,071
CREDITORS
Amounts falling due within one year 8 553,934 154,391
NET CURRENT (LIABILITIES)/ASSETS (374,119 ) 9,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

731,357

1,113,699

CREDITORS
Amounts falling due after more than one
year

9

-

(376,000

)

PROVISIONS FOR LIABILITIES (2,489 ) (3,520 )
NET ASSETS 728,868 734,179

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 199,098 199,696
Retained earnings 529,670 534,383
SHAREHOLDERS' FUNDS 728,868 734,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Trentside Developments Limited (Registered number: 03615482)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





S W Schofield - Director


Trentside Developments Limited (Registered number: 03615482)

Notes to the Financial Statements
for the Period 1 July 2022 to 31 December 2023

1. STATUTORY INFORMATION

Trentside Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The Directors have prepared the accounts on a going concern basis. At the year end the company had net current liabilities of £374,119 (2022: net current assets of £9,680). The Directors believe the going concern basis is appropriate.

Turnover
Turnover represents rental income and service charges, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

Trentside Developments Limited (Registered number: 03615482)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 July 2022 1,010 100,966 5,127 107,103
Disposals (1,010 ) (91,747 ) (5,127 ) (97,884 )
At 31 December 2023 - 9,219 - 9,219
DEPRECIATION
At 1 July 2022 979 90,143 4,695 95,817
Charge for period 10 2,317 147 2,474
Eliminated on disposal (989 ) (84,993 ) (4,842 ) (90,824 )
At 31 December 2023 - 7,467 - 7,467
NET BOOK VALUE
At 31 December 2023 - 1,752 - 1,752
At 30 June 2022 31 10,823 432 11,286


5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 July 2022
and 31 December 2023 2
NET BOOK VALUE
At 31 December 2023 2
At 30 June 2022 2

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 1,092,731
Additions 10,991
At 31 December 2023 1,103,722
NET BOOK VALUE
At 31 December 2023 1,103,722
At 30 June 2022 1,092,731

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2004 212,313
Valuation in 2006 40,141
Valuation in 2007 55,534
Valuation in 2012 (106,401 )
Cost 902,135
1,103,722

Trentside Developments Limited (Registered number: 03615482)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 31 December 2023

6. INVESTMENT PROPERTY - continued

The investment properties were valued on an open market basis on 30 December 2015 by Chartered Surveyors Musson Liggins Limited.

The directors believe this valuation to still be correct as of 31 December 2023.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,396 2,400
Other debtors 4,590 4,491
6,986 6,891

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,634 9,456
Other creditors 552,300 144,935
553,934 154,391

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 376,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 376,000

Bank loans are secured over the investment properties.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Fair
value
reserve
£   
At 1 July 2022 199,696
Movement in deferred tax (598 )

At 31 December 2023 199,098